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Today's picks: From BPCL to Titan, hot stocks to watch on Wednesday

For BPCL, keep a stop at Rs 396 and go short. Add to the position between Rs 388-Rs 389. Book profit at Rs 387

Devangshu Datta 

Even though the equity market was opened up for foreign investors immediately after the early 1990s, the norms for foreign investment in debt were released in 1995 and in 1997, Rs 29 crore trickled in

Current: 11,796 (fut: 11789)

Target: NA

Stop-long positions at 11,715.

Stop-short positions at 11,875.

Big moves could go till 11,925, 11,650. A short 11,800c (41), short 11,800p (55) straddle costs 96. This can be taken with long 11,700p (23), long 11,900c (10) as cover.

Bank

Current 30,847 (fut: 30,855)

Target: NA

Stop-long positions at 30,700.

Stop-short positions at 31,000.

Big moves could go till 31,200, 30,500. Trend is mildly positive.

Current price: Rs 393

Target price: Rs 387

Keep a stop at Rs 396 and go short. Add to the position between Rs 388-Rs 389. Book profit at Rs 387.

Current price: Rs 1,535

Target price: Rs 1,510

Keep a stop at Rs 1,545 and go short. Add to the position between Rs 1,515-Rs 1,520. Book profit at Rs 1,510.

Current price: Rs 1318

Target price: Rs 1340

Keep a stop at Rs 1,305 and go long. Add to the position between Rs 1,330-Rs 1,135. Book profit at Rs 1,340.


Target prices, projected movements in terms of next session, unless otherwise stated

First Published: Wed, June 26 2019. 06:00 IST
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